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Dec 26, 2012
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"power lunch" starts right now. >> merry cliff-mas, everybody. five days left and still no deal. president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm befor
"power lunch" starts right now. >> merry cliff-mas, everybody. five days left and still no deal. president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but...
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Dec 25, 2012
12/12
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they have just seven days to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and tv. he was 90 years old. >>> well, it could be a christmas of extreme weather for much of the u.s. a major storm is developing and gaining strength in the south. and it could lead to tornado outbreak. there are also warnings of hail, high winds, and heavy rain across the region. stay with cnn for the very latest on the threat of this dangerous weather. and on a much more cheerful note, here comes santa and his reindeer. norad is watching the jolly fellow, as is the tradition since 1955, tracking st. nick as he delivers all of those presents to kids around the world. right now, he's in greenland. keep watching, keep wai
they have just seven days to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and tv. he was 90...
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Dec 28, 2012
12/12
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we need the fiscal cliff resolved right away. this uncertainty causes great harm to the country, and we need very aggressive plans to reformulate our budget so that we don't have to have this uncertainty hanging over us so freakedly. you know, right now, american factories have a 20% price differential with competitors all through the the world. we need our system to be more competitive so we can grow. if we raise taxes on the job creators, on the factory owners, what happens is we'll be less competitive. the 20% will grow. we'll have less factories built here in america. it's very important that washington starts working out deals right away so that the fiscal cliff can be history, and we can focus on building factories, higher people, growing. dagen: well, they are not listening to you, drew. i hate to break it to you. in the interim, your company makes wire baskets and does sheet metal fabrication. based on what you see, how much of your own customers pulled back? have you seen layoffs? have you seen spending cuts ahead of the
we need the fiscal cliff resolved right away. this uncertainty causes great harm to the country, and we need very aggressive plans to reformulate our budget so that we don't have to have this uncertainty hanging over us so freakedly. you know, right now, american factories have a 20% price differential with competitors all through the the world. we need our system to be more competitive so we can grow. if we raise taxes on the job creators, on the factory owners, what happens is we'll be less...
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Dec 31, 2012
12/12
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we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to have been movement on the cost of living increases for social security recipients. opposition to the white house's proposed rate of increase was dropped but the common ground is even shaky. the fierce disagreement over whether the bush era tax cut with the top income earners should be allowed to exp
we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch...
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Dec 30, 2012
12/12
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it's our exclusive fiscal cliff roundtable and it's coming up right now on cnn. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> it is the one issue that affects just before he single one of us you can the fiscal cliff. think of it as, well this way, our economy is in a car headed toward that cliff and there's a lot of stake, including massive spending cuts and social programs and defense, expiration you the bush era tax cu
it's our exclusive fiscal cliff roundtable and it's coming up right now on cnn. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new...
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Dec 31, 2012
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. >> he'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned and why. and remember, try and keep it clean. tweet us at squawk street. we've got your responses throughout the morning. fiscal cliff definitely has to go. >> i can't wait for hash tag to go away. >> we'll start hearing about the debt ceiling in two months. >> a ban on 2013's list. >> have a great new year. >> you as well. i have no special plans. i have a 3-month-old daughter -- >> that's very special. >> i'm prohibited from going anywhere. we have dinner reservations about 4:30 p.m., though. >> early birds. >> happy new year. >> same to you. >> presidents of americans for tax
. >> he'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned...
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Dec 28, 2012
12/12
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deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich p
deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into...
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Dec 24, 2012
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right? i mean, you're waiting to see what happens with this fiscal cliff? >> i am. i tell you, i think that the christmas gift people are getting right now is to sell above 13,000. we were surprised we're not getting a deal. i'm surprised the market's as firm as it is and it is very easy to overthink this. well, must be firm. the bulls are strong. hey, we go higher. i think that's not the read at all. i think the initial reaction we got when they sent the house of representatives home on thursday night is what we're going to see when they don't get a deal done to the end of the year. i think there is no way. >> you think the market has it wrong here by being this high. >> i do. i think ultimately we're being tropical depression up by the 90 billion a month in fed liquidity but i think that comes home to roost probably as we get closer to the end of the year. the only way we have a shot to get a deal at the end of the year or maybe even early in january is if we have market pressure. right now the market is supplying no pressure to these politicians. so there is no r
right? i mean, you're waiting to see what happens with this fiscal cliff? >> i am. i tell you, i think that the christmas gift people are getting right now is to sell above 13,000. we were surprised we're not getting a deal. i'm surprised the market's as firm as it is and it is very easy to overthink this. well, must be firm. the bulls are strong. hey, we go higher. i think that's not the read at all. i think the initial reaction we got when they sent the house of representatives home on...
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Dec 24, 2012
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stories on the fiscal cliff have been right here on cnbc. we have the badges to prove it. but, hey. the senate, the house, the president, they all want to do what's best especially harry reid and his gang. they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way. there was a will in 1895, a will three years ago. yeah, 2009. but obviously there is a whole lot more talk than action because, let's see, i hear crickets or i hear some hula music but i certainly don't hear the ruffling of papers as any bill is getting passed. so i guess i will leave on this note on christmas eve. you know, i send my best wishes to all the military that are out of the country protecting us and making sure they secure the rights for every american, and i say to congress and the president, if you really were so concerned, you could have do
stories on the fiscal cliff have been right here on cnbc. we have the badges to prove it. but, hey. the senate, the house, the president, they all want to do what's best especially harry reid and his gang. they're so worried about everybody in the fiscal cliff. they're obviously worried about how a & p is going to affect people, marginal tax rates, the middle class. good. people need to be worried about the middle class but exactly how worried are they? where there is a will there is a way....
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Dec 25, 2012
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[applause] >> with the election behind us and the fiscal cliff right in front of us, i think it's nice just to have an evening when we can focus on what is important, like whether molly ringwald is really here tonight. is she? i trust you all read "the new york times" piece this past week on how tonight is part of a close, visible makeover for the national book awards them article goes on to say the goal is to add more sex appeal to an industry that is not exactly known for it. and there will be signs everywhere of the aspirations to turn this once dowdy event into a glamorous party. from where i stand, looking out at your sexy, sexy faces,-you are post-dowdy. thank you. that's the drinking table. it's fun to tell jokes outside of new york that you're involved with the nba because people start can go you questions about what lebron and kobe are really like. it's really an understandable confusion because writers and professional ballers are incredibly similar. they're both wildly overpaid people, in peak physical condition. but the real similarity is this. both writers and basketball p
[applause] >> with the election behind us and the fiscal cliff right in front of us, i think it's nice just to have an evening when we can focus on what is important, like whether molly ringwald is really here tonight. is she? i trust you all read "the new york times" piece this past week on how tonight is part of a close, visible makeover for the national book awards them article goes on to say the goal is to add more sex appeal to an industry that is not exactly known for it....
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Dec 31, 2012
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>> ed, truth be known, and we see this fiscal cliff and the calamity of the day on january 1st, tonight is true the white house dot much care if they get it on the first or the fifth? >> reporter: you're right, with withholding, some people will not feel the effects of a tax increase the first couple of days, you might have time to finagle that, the treasury department has that authority. the fact of the matter, what they're more nervous about in the white house and republicans on the hill are unclear what will happen. will it be a tarp moment like in 2008 when the tarp legislation got voted down and president bush was imploring the fell mrow republicans. it's a bitter pill to swallow. they voted it down and the markets plunged 5, 600, 700 points and everybody figured it out. what's going to happen with the markets, they're closed new years day, but when they open january 2nd, we have several consecutive days the markets have gone down not by a ton, but if they're plunging on january 2nd, that's what they're more nervous about. >> andrea. >> we've heard a lot of names in these behind cl
>> ed, truth be known, and we see this fiscal cliff and the calamity of the day on january 1st, tonight is true the white house dot much care if they get it on the first or the fifth? >> reporter: you're right, with withholding, some people will not feel the effects of a tax increase the first couple of days, you might have time to finagle that, the treasury department has that authority. the fact of the matter, what they're more nervous about in the white house and republicans on...
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now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might change next year but i don't i don't think so and loose with what about the polarization let's say in france right now after the election because the sitting president is not very popular right now. it's complicated because you you get a kind of windshield wiper effect in france you get one we can which the president sporty and the president himself are doing extremely badly for instance you have the steel works. with mr lakshmi mittal the fact that basically the president and the prime minister the minister for industry all had different theories about what to do and how to try and keep jobs int
now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might...
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Dec 28, 2012
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i think both sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole sequester was a way to deal with this later. and corker, i think, on some of the morning shows this morning, senator corker said the worst case today would be to set up another later deadline that would keep the hard questions -- >> and i think a lot of this is so abstract, but if those milk prices go up for people around this country, that's going to be the thing that gets people really animated. >> that and payroll taxes, if they go up, that will hit a lot of americans across the board. >> interesting to see a lot of the stocks today that have exposure to dairy futures, whether it's an hsy, who knows? i haven't even
i think both sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole...
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Dec 24, 2012
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at the lower tax rates and buy back in in january depending on what happens with the fiscal cliff? >> yeah, i mean, i actually have a lot of clients where we are literally selling their portfolio, capturing their cost basis now and reestablishing a new cost basis because we know for a fact we'll see 3.8% next year just from the obamacare tax and other taxes and we're seeing people do that. you're not necessarily seeing it in the market because about, i think something close to very, very small percentage of the individuals affect the stock market. you're seeing that with individuals, but not reflected in the market as much because big institutions control the stock market. >> how many of your clients,percentage-wise, how many of your clients are doing that, cashing out this year to lock in rates at the lower rates? >> i would say half of them. i'm getting calls all the time. everybody is concerned about this and they're calling and saying, what do we do as a result of this and i'm giving the best advice. we've got nice gains, if we are thinking about selling the next two or three y
at the lower tax rates and buy back in in january depending on what happens with the fiscal cliff? >> yeah, i mean, i actually have a lot of clients where we are literally selling their portfolio, capturing their cost basis now and reestablishing a new cost basis because we know for a fact we'll see 3.8% next year just from the obamacare tax and other taxes and we're seeing people do that. you're not necessarily seeing it in the market because about, i think something close to very, very...
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Dec 28, 2012
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it's the fiscal cliff every year, believe me. >> it is, oh, yeah. all right. happy birthday. she a mrs. williams? >> she used to be. she's mrs. bond. so happy birthday. >> all right, gentlemen. you know, you solved nothing, neither one of you. but thank you for coming on. we appreciate it. >> thanks, guys. >> happy new year. >> coming up, gold prices coming under a lot of pressure in the final trading sessions 2012. but will the yellow metal once again become a precious investment, a priceless call when we return? >> comments, questions? send them to @squawkcnbc on twitter. follow the show and look for updates from andrew, becky, joe and the "squawk" staff. "squawk box" on cnbc, and on twitter. ee, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more
it's the fiscal cliff every year, believe me. >> it is, oh, yeah. all right. happy birthday. she a mrs. williams? >> she used to be. she's mrs. bond. so happy birthday. >> all right, gentlemen. you know, you solved nothing, neither one of you. but thank you for coming on. we appreciate it. >> thanks, guys. >> happy new year. >> coming up, gold prices coming under a lot of pressure in the final trading sessions 2012. but will the yellow metal once again become...
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Dec 29, 2012
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that is right up there. and i get that one. >> yeah, well, fiscal cliff. it involves economics, it involves politics. a lot of people think it's going to increase the deficit, which it isn't. a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake superior state university and how this list compiling all began. >> it was a bet new year's eve, 1976. >> long ago. >> yep. and they discussed how many words and phrases are overused too often. and the originator of this list back in 1976 went back and drew up a list of five words to submit to upi, united press international. and the whole thing took off from there, and we take nominations from all over the world. whatever floats to the top gets to our list. >> and is i was going to ask how that happened. people can, what, make suggestions, somehow contact your university and say here's a word i want banished. >> lssubanished. do a search and it will get you right to our page. and there is still t
that is right up there. and i get that one. >> yeah, well, fiscal cliff. it involves economics, it involves politics. a lot of people think it's going to increase the deficit, which it isn't. a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake superior state university and how this list compiling all began. >> it was a bet new year's eve, 1976. >>...
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Dec 27, 2012
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message to lawmakers about the fiscal cliff. they're using coffee cups to do the job. the ceo at starbucks is urging starbucks workers and employees in the washington, d.c. area to write on the cups, come together, come together right now. i guess quoting the beatles. thursday and friday. dennis, what do you think?. >> that should fix it. that's all we needed. either conjures up very old beatles cliche or elusive quest in the bedroom. they should cut spending or raise taxes on rich and let people vote. >> like the big gulp. cut taxes or --. adam: i feel like i need a cigarette. >> come together. oh that has been the problem. they're not just coming together. like a baseball metaphor and coming to the mound tell the pitcher to throw strikes. >> you are too bitter for starbucks. adam: you were consultant on the hill. >> i was. adam: both sides, the american people are just sick to death of this discussion. >> you could not be more right. by the way, before you come together, come back to d.c. john boehner, come on. adam: won't you come home, john boehner, won't you come
message to lawmakers about the fiscal cliff. they're using coffee cups to do the job. the ceo at starbucks is urging starbucks workers and employees in the washington, d.c. area to write on the cups, come together, come together right now. i guess quoting the beatles. thursday and friday. dennis, what do you think?. >> that should fix it. that's all we needed. either conjures up very old beatles cliche or elusive quest in the bedroom. they should cut spending or raise taxes on rich and...
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, is that the right way to start the negotiation with two days left before the fiscal cliff or shouldn't he sit down and hammer out a deal with the senate republicans and house republicans. do you think a deal gets done? >> i do think a deal will get done. i think it might january 1st. i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that wil
, is that the right way to start the negotiation with two days left before the fiscal cliff or shouldn't he sit down and hammer out a deal with the senate republicans and house republicans. do you think a deal gets done? >> i do think a deal will get done. i think it might january 1st. i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on...
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Dec 29, 2012
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cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt these people that are relying on this and the unemployment insurance has been seen as economic stimulus to get hands into the money of people who need it and they were things that actually get spread over the course of 2013 if there is no fix that is actually done and it is possible for congress to go back and fix things and talking about the increase of tax rates and there will also be spending cuts to government programs as well as the military and that will be spread over with 2013 and the world doesn't come to an end if we go over this quote, unquote, fiscal cliff and instead, a lot of the damage g
cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt these people that are relying on this and the unemployment...
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Dec 30, 2012
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Dec 27, 2012
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all right. so not a banner year for retail. we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. when the doctor told me that i could sm
all right. so not a banner year for retail. we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to...
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Dec 29, 2012
12/12
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going over the fiscal cliff is avoidable. there is still time to act. but president obama and 10 eric -- and harry reid believe it is one that can pass both houses. republicans agree. republicans have taken the step in the right direction. they pass legislation to replace this with responsible target it once and to bring our nation record debt under control. instead of considering the house plan to protect taxpayers democrats have spent months drawn partisan lines in the stands. the tax hike would only funds the government for eight days. americans deserve to know what the president proposes we do for the other 357 days a year. inaction should not be a problem. the problems facing our country are baked but not all that complicated. -- are big but not all that complicated. the next two days will begin to define the president's second term. he was elected to lead. >> we also got an update from oulaurie mcginley this morning. >> what kind of a deal did the president offered? what is new on the negotiations among and between the centers in the white house b
going over the fiscal cliff is avoidable. there is still time to act. but president obama and 10 eric -- and harry reid believe it is one that can pass both houses. republicans agree. republicans have taken the step in the right direction. they pass legislation to replace this with responsible target it once and to bring our nation record debt under control. instead of considering the house plan to protect taxpayers democrats have spent months drawn partisan lines in the stands. the tax hike...
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Dec 27, 2012
12/12
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CNBC
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he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he couldn't kill it and then we moved to plan "b," the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number one goal is to
he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president,...
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Dec 24, 2012
12/12
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MSNBCW
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there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with that support there, the presidential mandate of re-election and the fact he ran on raising taxes if he was given a second term, why is there such this stalemate and trepidation in washington, d.c. to get a deal done? >> reporter: how many hours do we have? let me try it this way. there's a group of hard core tea party republicans but democrats say we won because as your poll shows most americans support the president's position on higher taxes on top earners and seemingly at
there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many....
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Dec 29, 2012
12/12
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they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day. [ sniffs ] i took dayquil but my nose i
they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus...
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Dec 29, 2012
12/12
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they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us . [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people w
they had really nothing to say in the so-called fiscal cliff crisis. all right, the biggest winners and losers, stay with us . [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online....
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Dec 29, 2012
12/12
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we'll get right back to the fiscal cliff coverage. we'll have the latest just ahead. don't move. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. this is going to be one busy weekend for senate leaders harry reid and mitch mcconnell. >> let's bring in our political and financial minds and ask them what's their cliff pick. jimmy pathkoukis, but i always call you jimmy. >> a
we'll get right back to the fiscal cliff coverage. we'll have the latest just ahead. don't move. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ male announcer ] this december,...
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Dec 28, 2012
12/12
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CSPAN2
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both parties head to the white house today to discuss the fiscal cliff with the president. it's at 3:00 p.m. eastern in the oval office. senate in recess until 2:00 p.m. eastern when the senate reconveneses, live coverage here on c-span2. >>> and right now on c-span2 a conversation with nebraska senator ben nelson who is retiring after two terms. >>> retiring senator nebraska ben tell me sop. years that began with the 2003 recount and reended with re-election of president obama. if you could think of the adjective to describe these years what would it be? >> clearly interesting. challenging. sometimes totally frustrating. but also full of opportunities for the country. there was some good times during the twelve years laced together with some that weren't so good. 9/11, the anthrax scare. there were positive things as well, the election of president obama, i thought it was a positive statement for the country and moving forward in a way that we have tried to move forward out of face -- fiscal as by now we came out of a fiscal as by during the times. it's a hodgepodge during
both parties head to the white house today to discuss the fiscal cliff with the president. it's at 3:00 p.m. eastern in the oval office. senate in recess until 2:00 p.m. eastern when the senate reconveneses, live coverage here on c-span2. >>> and right now on c-span2 a conversation with nebraska senator ben nelson who is retiring after two terms. >>> retiring senator nebraska ben tell me sop. years that began with the 2003 recount and reended with re-election of president...
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Dec 24, 2012
12/12
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CNNW
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it's all because of the worries about the fiscal cliff. suzanne. >> all right. let's just listen in, and i'll bring you back for a bit. ♪ >> all right. there you go. allison, i want to bring you back for a couple quick questions here. we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the cliff that some sort of deal will happen up. if not within the first couple days of year, maybe the first couple weeks. what may happen is an impact right away to your paychecks in the early weeks of the new year. here is an idea of what we're in for anyway. we're going to see a lot of tax changes. payroll tax holiday. that would expire, and that means that the amount taken out of your paycheck would go from 4.2% to 6.2%, so that means if you're making $50,000 a year, it means $83 a month comes out of your paycheck. over the cliff it means you have a delay in tax refunds for the 2012 returns a
it's all because of the worries about the fiscal cliff. suzanne. >> all right. let's just listen in, and i'll bring you back for a bit. ♪ >> all right. there you go. allison, i want to bring you back for a couple quick questions here. we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the...
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Jan 1, 2013
01/13
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CNNW
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technically the nation went over the fiscal cliff when the new year began. but practically the senate pulled a parachute that should soften the fall. about 2:00 a.m. eastern, senators passed a round of compromises with a vote of 89-8. i said should. this deal is far from done. now it is up to the house to stop $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote is not scheduled. multiple house members took to the floor today to say their vote will be no. >> the current agreement with the fiscal cliff was agreed to, we're told, somewhere around 11:30 last night. the bill was voted on at 2:00 in the morning. now, again this is new year's eve. i don't know how many senators between midnight and 2:00 a.m. in the morning had a chance to thoroughly read this agreement that is 157 pages long. you see, this is not how we should run our government. this is drama. unnecessary drama. >> so what did the senators pass? well, it was very long bill, 157 pages. there are a host of tax credit extensions, medicare extensions, and a lot more. bu
technically the nation went over the fiscal cliff when the new year began. but practically the senate pulled a parachute that should soften the fall. about 2:00 a.m. eastern, senators passed a round of compromises with a vote of 89-8. i said should. this deal is far from done. now it is up to the house to stop $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote is not scheduled. multiple house members took to the floor today to say their vote will be no. >>...
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Dec 29, 2012
12/12
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FBC
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eye 90
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so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50 might be 40500. extend unemployment benefits and the spending cuts will get to those letters. >> here is what is so ironic, the same democrats in 2001 and three railed against the bush tax cuts. now see some salvation in them because they are what is propping up the economy right now. beyond the ironic part of this, look, not only do you have that tax policy expiring and the sequestration pending on january 2nd, but we have also got a lot of taxes kicking in january 1st which will pack a mighty big wallop. this is the perfect trifecta of bad things happening to the economy all at once. no one is t
so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50...
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Dec 29, 2012
12/12
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MSNBCW
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re-election and now they are pushing to 2013, after the fiscal cliff hits and taxes go up and they get blamed. it is an odd way i to negotiate. to get one republican view on what will come next. earlier this evening, i had the privilege of speaking with tom coburn of oklahoma. >> thank you for being with us tonight. >> glad to be here ezra. >> the deal is dead, we are down to a small deal, a mini deal or going over the cliff straight, what is your reaction to this? >> i'm not sure it's true. just talking to my colleagues in the senate, i think the middle ground is well known by everyone and i think you could get something that is viewed by the rating agencies and the american public as a pretty good solution. so i think it's possible, i don't know that it will happen. it's unfortunate that we are waiting until this late in the hour to try to accomplish something. >> so then, what do you see as the middle ground, i know you are a member of the gang of 8. >> when you talk to colleagues what do they see as what can be salvaged here? >> let me answer the first part of that. none of us want
re-election and now they are pushing to 2013, after the fiscal cliff hits and taxes go up and they get blamed. it is an odd way i to negotiate. to get one republican view on what will come next. earlier this evening, i had the privilege of speaking with tom coburn of oklahoma. >> thank you for being with us tonight. >> glad to be here ezra. >> the deal is dead, we are down to a small deal, a mini deal or going over the cliff straight, what is your reaction to this? >>...
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Dec 24, 2012
12/12
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FBC
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if we go off with the fiscal cliff, will we immediately go into a recession? >> i will go one step further, yes. i think we absolutely go into recession. that would knock between 2 and 4 percent off our gdp right away. this is the doomsday scenario, but that ten year rate now is 1.75ish. a lot of folks are calling it to 2, 2 1/2, maybe evenn3 because they are looking through rose colored lenses that i don't have. i think we could see that rate under 1% before it gets up to 2 1/2%. 2 to 4 percent blow to gdp puts us negative situation in terms of growth, that would be recessionary. at the same time i think you see the u.s. make a run to negative rates before you see that ten rate to 3%. that's as bad as it could be. david: thank you very much scott. >> thank you. david: protecting our schoolchildren has been a top priority, but there are a lot of opinions on how to do it. head of the nra wants armed guards in schools. >> if it's crazy to call for putting police and armed security in our schools to protect our children, then call me crazy. i will tell you what t
if we go off with the fiscal cliff, will we immediately go into a recession? >> i will go one step further, yes. i think we absolutely go into recession. that would knock between 2 and 4 percent off our gdp right away. this is the doomsday scenario, but that ten year rate now is 1.75ish. a lot of folks are calling it to 2, 2 1/2, maybe evenn3 because they are looking through rose colored lenses that i don't have. i think we could see that rate under 1% before it gets up to 2 1/2%. 2 to 4...
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Dec 27, 2012
12/12
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FOXNEWSW
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cliff if no deal is reached. >> that's right. december 31st. a lot going on there. a lot of these budget calamities coming together all at once. economists already warning the fiscal cliff situation could cause another recession. now we're about to hit the nation's debt ceiling. secretary geithner in a letter to congress did go ton say, quote, he would take extraordinary measures and say these extraordinary measures can create approximately $200 billion in head room under the debt limit. under normal circumstances the amount of head room would last approximately two months. however, given the significant uncertainty that now exists with regard to unresolved tax and spending policies for 2013, it's not possible to predict the measure. because of the uncertainty of the fiscal cliff they don't know whether they have enough head room to make sure the nation's debt ceiling doesn't reach limit within two months. the bottom line is even if we deal with the fiscal cliff in the next few days and avert that. there is another crisis with th
cliff if no deal is reached. >> that's right. december 31st. a lot going on there. a lot of these budget calamities coming together all at once. economists already warning the fiscal cliff situation could cause another recession. now we're about to hit the nation's debt ceiling. secretary geithner in a letter to congress did go ton say, quote, he would take extraordinary measures and say these extraordinary measures can create approximately $200 billion in head room under the debt limit....
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that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there things in this bill that i don't like. there are things in this bill that i don't like. but i recognize that none of us get to have things 100% of our way. and the difference between divided government and dysfunctional government is a willingness to compromise. and compromise is in very short supply today in the house republican caucus. >> suarez: representative van hollen you heard your colleague tom cole talk about deep misgivings inside the republican caucus. aren't there members of your party who are not overjoyed with what came out of the senate last night? where the dividing lines am
that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there...
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Dec 30, 2012
12/12
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to the edge of the fiscal cliff. and of course, they blamed each other. best surprise for supporters of gay rights. state victories and supreme court consideration for same-sex marriage, the election of the first openly lesbian u.s. senator, and president obama finally coming around to their cause. >> my expectation is that when you look back on these years, you will see a time in which we put a stop to discrimination against gays and lesbians, whether in the office or on the battlefield. >> it's equality. you know, people should be able to do whatever they really want in life. >> worst disappointment for supporters of comprehensive immigration reform. the president promised, but won't be able to deliver until his second term, although he did issue an executive order, allowing children of many undocumented workers, to stay in the u.s. for college. best supreme court win for the white house, health care reform remains the law of the land. >> i'm sure we'll still be talking about in 2013, but, you know, the big overhau
to the edge of the fiscal cliff. and of course, they blamed each other. best surprise for supporters of gay rights. state victories and supreme court consideration for same-sex marriage, the election of the first openly lesbian u.s. senator, and president obama finally coming around to their cause. >> my expectation is that when you look back on these years, you will see a time in which we put a stop to discrimination against gays and lesbians, whether in the office or on the battlefield....
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Dec 29, 2012
12/12
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had won re-election, and now they're pushing to to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come next year, early this evening, shortly after the president's press conference, i had the privilege to speaking to republican senator tom coburn of oklahoma. senator, thank you so much for being here tonight. >> glad to be with you, ezra. >> it so seems to me the news of the day is the big deal is dead, completely dead, and we are down to either a small down, a mini deal, or going after the cliff straight. what is your reaction to this? >> i don't -- you know, i'm not sure that's true. just talking to my colleagues in the senate, i think the middle ground is pretty well known by everybody, and i think you could still get something that would be viewed by the ratings agencies as well as the american public as a pretty good solution. so i think it's possible. i don't know that that will happen. it's unfortunate that we're waiting until this late in the hour to try to accomplish something. >> so, then, what do yo
had won re-election, and now they're pushing to to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come next year, early this evening, shortly after the president's press conference, i had the privilege to speaking to republican senator tom coburn of oklahoma. senator, thank you so much for being here tonight. >> glad to be with you, ezra. >> it so seems to me the news of the day is the big deal is dead,...